MONECO Advisors LLC Sells 986 Shares of Realty Income Corp (NYSE:O)

MONECO Advisors LLC cut its holdings in Realty Income Corp (NYSE:O) by 16.2% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,119 shares of the real estate investment trust’s stock after selling 986 shares during the period. MONECO Advisors LLC’s holdings in Realty Income were worth $353,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of O. Northern Trust Corp grew its holdings in Realty Income by 4.4% during the 1st quarter. Northern Trust Corp now owns 5,198,026 shares of the real estate investment trust’s stock valued at $382,366,000 after purchasing an additional 216,870 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Realty Income by 2.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,404,024 shares of the real estate investment trust’s stock valued at $277,633,000 after purchasing an additional 113,670 shares during the last quarter. Geode Capital Management LLC grew its holdings in Realty Income by 15.5% during the 4th quarter. Geode Capital Management LLC now owns 4,164,413 shares of the real estate investment trust’s stock valued at $262,101,000 after purchasing an additional 558,730 shares during the last quarter. Ronna Sue Cohen grew its holdings in Realty Income by 7,231.1% during the 1st quarter. Ronna Sue Cohen now owns 3,706,904 shares of the real estate investment trust’s stock valued at $3,707,000 after purchasing an additional 3,656,340 shares during the last quarter. Finally, Daiwa Securities Group Inc. grew its holdings in Realty Income by 34.4% during the 1st quarter. Daiwa Securities Group Inc. now owns 2,104,397 shares of the real estate investment trust’s stock valued at $154,799,000 after purchasing an additional 539,094 shares during the last quarter. Hedge funds and other institutional investors own 68.96% of the company’s stock.

Shares of O opened at $70.05 on Friday. The stock has a 50 day simple moving average of $70.41. Realty Income Corp has a fifty-two week low of $55.55 and a fifty-two week high of $74.14. The stock has a market cap of $22.05 billion, a PE ratio of 21.96, a PEG ratio of 5.32 and a beta of 0.12. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.35 and a quick ratio of 1.35.

Realty Income (NYSE:O) last posted its earnings results on Wednesday, May 1st. The real estate investment trust reported $0.37 EPS for the quarter, missing the Zacks’ consensus estimate of $0.80 by ($0.43). Realty Income had a net margin of 28.70% and a return on equity of 7.65%. The firm had revenue of $354.40 million for the quarter, compared to analysts’ expectations of $335.37 million. During the same period in the previous year, the company earned $0.29 EPS. The company’s revenue was up 11.3% on a year-over-year basis. On average, equities analysts expect that Realty Income Corp will post 3.29 earnings per share for the current fiscal year.

The company also recently announced a aug 19 dividend, which will be paid on Thursday, August 15th. Investors of record on Thursday, August 1st will be given a dividend of $0.2265 per share. The ex-dividend date is Wednesday, July 31st. Realty Income’s payout ratio is 85.27%.

In other Realty Income news, Director Ronald Merriman sold 6,000 shares of the company’s stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $70.72, for a total transaction of $424,320.00. Following the transaction, the director now owns 18,075 shares in the company, valued at approximately $1,278,264. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Michael R. Pfeiffer sold 10,829 shares of the company’s stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $69.83, for a total transaction of $756,189.07. Following the transaction, the executive vice president now owns 29,163 shares in the company, valued at approximately $2,036,452.29. The disclosure for this sale can be found here. Insiders have sold 19,460 shares of company stock valued at $1,366,521 in the last three months. 0.20% of the stock is currently owned by corporate insiders.

Several equities analysts recently commented on O shares. Morgan Stanley upped their price target on shares of Realty Income from $71.00 to $72.00 and gave the company an “equal weight” rating in a report on Thursday, July 11th. Citigroup set a $74.00 price target on shares of Realty Income and gave the company a “hold” rating in a report on Tuesday, June 11th. Zacks Investment Research downgraded shares of Realty Income from a “buy” rating to a “hold” rating in a report on Wednesday, May 15th. ValuEngine downgraded shares of Realty Income from a “buy” rating to a “hold” rating in a report on Thursday. Finally, Capital One Financial upgraded shares of Realty Income from an “underweight” rating to an “equal weight” rating in a report on Wednesday, May 8th. Nine investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $66.00.

Realty Income Company Profile

Realty Income, The Monthly Dividend Company, is an S&P 500 company dedicated to providing stockholders with dependable monthly income. The company is structured as a REIT, and its monthly dividends are supported by the cash flow from over 5,700 real estate properties owned under long-term lease agreements with regional and national commercial tenants.

Read More: Outstanding Shares and The Effect on Share Price

Institutional Ownership by Quarter for Realty Income (NYSE:O)

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